Hydro One (TSE:H) Sets New 1-Year High at $36.21

Hydro One Limited (TSE:H – Get Rating)’s share price reached a new 52-week high on Thursday . The company traded as high as C$36.21 and last traded at C$36.07, with a volume of 234058 shares traded. The stock had previously closed at C$35.44.

Analyst Ratings Changes

H has been the topic of several research analyst reports. CIBC upped their price objective on shares of Hydro One from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Friday, May 6th. National Bankshares raised their target price on shares of Hydro One from C$32.00 to C$34.00 and gave the company a “sector perform” rating in a research report on Monday, May 9th. Scotiabank lifted their price objective on shares of Hydro One from C$34.00 to C$35.00 in a research report on Friday, May 6th. TD Securities lifted their target price on shares of Hydro One from C$31.00 to C$34.00 and gave the stock a “hold” rating in a report on Friday, May 6th. Finally, Raymond James set a C$32.00 price objective on shares of Hydro One and gave the stock a “market perform” rating in a research note on Friday, May 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$33.81.

Hydro One Stock Up 2.1 %

The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 129.36. The firm has a market capitalization of C$21.67 billion and a P/E ratio of 21.11. The company has a 50 day simple moving average of C$34.59 and a two-hundred day simple moving average of C$33.72.

Hydro One (TSE:H – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported C$0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.52. The firm had revenue of C$2.05 billion for the quarter. On average, equities analysts predict that Hydro One Limited will post 1.6918888 EPS for the current fiscal year.

Hydro One Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 8th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.09%. The ex-dividend date was Tuesday, June 7th. This is a positive change from Hydro One’s previous quarterly dividend of $0.27. Hydro One’s dividend payout ratio is presently 63.40%.

Hydro One Company Profile

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Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and 125,000 circuit kilometers of primary low-voltage distribution network.